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Monday, February 26, 2007The plan can work slowly if you likeTo make this plan work, the bottom line is that all you have to do is not borrow money again. Don't get loans and especially don't use credit cards. It's been a while since I've mentioned credit cards so I'll probably have to do a post on them soon. Credit card companies are getting more predatory... Sign in to see full entry.Sunday, February 25, 2007Looking at the chart of mortgage amortizationIf you look at the chart of a typical mortgage, you see that when you get to the last half of the life of the loan, the amount of money going toward principle really picks up speed. You spend the first half of the loan paying more in interest than what goes toward the principle. Understanding this,... Sign in to see full entry.Saturday, February 24, 2007A tool for people with mortgages or are going to get oneI have looked around now and again for a mortgage calculator that I like and I finally found one. So I'm going to share it with you. http://www.apimagazine.com.au/calculators/mortgage/ This calculator will show you how much your monthly payments will be including your insurance and taxes. It will... Sign in to see full entry.Friday, February 23, 2007More on the numbersIt all depends on how you look at them and what kind of person you are as to their effect. For example, in January we paid off.1% of our mortgage. I told my wife and she said, "Point one percent?" Quite frankly, that seems pretty discouraging. When you consider how much money you pay and realize how... Sign in to see full entry.Thursday, February 22, 2007Tracking progress for motivationI gain a lot of motivation just from tracking the progress that my wife and I are making. Even small differences in the right direction help spur us on. We use those numbers to see if we can do better the next month. "How much of a change can we make?" is something we ask routinely. You can track... Sign in to see full entry.Wednesday, February 21, 2007On my seat againLet me start this by saying thank you to everyone that emailed me with their concern. I do appreciate it. When doing these posts each day, it's easy to underestimate how much people appreciate them. Let me also tell you that my wife works at an elementary school or as I refer to it, "The Germ... Sign in to see full entry.Friday, February 9, 2007The second and ongoing rewardI told you about our initial reward when all we have to pay off is the house. We're going to relax and do whatever we want with the cash that we have for those months. Obviously, the faster we pay off these last two debts, the longer we have that freedom The second reward will start in 2008 when we... Sign in to see full entry.Thursday, February 8, 2007We have two rewards planned for ourselves - here's the first oneAt some point this year, we will have paid off every debt except the house. At that point, we are going to completely relax for a couple of months. We have been going without as much as possible in order to reach this goal as quickly as possible. When we get the car paid off, we are going to stop... Sign in to see full entry.Wednesday, February 7, 2007I am almost worth something! =)I figured up my networth again. I can't believe a month has passed already. I think this whole year is going to fly by for us. A couple of our major goals are going to be achieved this year and each month brings us closer. Anyway, I'm worth a -728 dollars. I can see zero from here. Next month we... Sign in to see full entry.Tuesday, February 6, 2007Money trickling inA few years ago, I told my wife that I was going to work on getting money coming in from several different sources. My thought was that if I could get $50 coming in from 10 different places, that would be nice. Improvements in some of them would increase the overall money coming in. My wife, as... Sign in to see full entry. |
